Energy Efficiency Directive II (EEDII)
The Energy Efficiency Directive sets standards for energy use in buildings and thus secures digital data.
What do I need to know?
Under the EU Green Deal, the EU has proposed a series of measures and initiatives to reduce energy consumption and CO2 emissions from the built environment (i.e. buildings, roads and bridges), which accounts for 40% of total energy consumption.
One of them is the amendment to the Energy Efficiency Directive II (EED ll). It raises the requirements for the energy performance of buildings and imposes a high priority on digitalization and data quality.
Two of the new rules are:
- All new meters must be remotely readable as of Oct. 25, 2020
- All meters must be remotely readable as of Jan. 1, .2027
Why is it important?
One of the most important implications of EED II is that the introduction of new digital meters in all buildings will eventually lead to a much higher level of digital consumption data in buildings. This improved data quality is the essential basis for increasing energy efficiency, adjusting energy consumption and reducing CO2 emissions.
Is it relevant for me?
As a building owner this directive has an important significance, since the investment and implementation of new digital meters is a large one-time investment.
The good thing is that the new digital meters will help reduce energy consumption and thus CO2 emissions. Moreover, the large-scale installation of digital meters is defined as a green investment in the EU taxonomy, which means that it is possible to receive financial grants and green credits from the EU for the implementation.
Want to get started with live emission tracking for your real estate portfolio? Future proof your business with the Legacy CO2 accounting platform.